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Business Observer Tuesday, Nov. 30, 2021 1 month ago

Fast-growing developer appoints new CFO

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Iain McGill has 25 years of experience in real estate finance.

FORT MYERS — Seagate Development Group has named Fortune 500 real estate industry executive Iain McGill CFO.

McGill will oversee all financials for Fort Myers-based Seagate’s expanding enterprises, including commercial and residential development and construction, residential remodeling and tenant improvements, property management and leasing and interior design, according to a statement. Most recently, McGill was the primary finance executive of the Northeast U.S. portfolio for Federal Realty Investment Trust, where he managed and reported on a portfolio with a combined annual net operating income in excess of $1.2 billion

“Iain specializes in accelerating the success of growing companies and delivering the very best return on their investments. He has joined us at an ideal time,” Seagate Development Group Partner and COO James Nulf says in the statement.

Prior to Federal Realty, McGill spent over 15 years with Berkeley Investments in Boston, where his roles included CFO. Berkeley is a full-service real estate investment and development company with an entrepreneurial focus on urban commercial and mixed-used properties, the release states.

“I’m thrilled to be joining Seagate Development Group at a critical point in their corporate growth,” McGill says in the statement. “The depth of experience that the company has executing best-in-class developments, in both commercial and residential platforms, made the decision to join their team very easy.”    

Seagate Development Group is a leading, full-service development company specializing in a design-build process via new construction, custom renovations, interior design, and management and leasing services. Its high-profile, design-build projects include NeoGenomics’ $60-million global headquarters and Scotlynn USA Division Inc.’s 60,000-square-foot North American corporate headquarters as well as managing over 1.5 million square feet of commercial space.

 

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